The following is a Statement of Cash Flows for the risk management internal service fund of the City of Wrightville. An inexperienced accountant prepared the statement using the FASB format rather than the format required by GASB. All long-term debt was issued to purchase capital assets. The transfer from the General Fund was to establish the internal service fund and provide the initial working capital necessary for operations.

CITY OF WRIGHTVILLE
Risk Management Internal Service Fund
Statement of Cash Flows
For the Year Ended June 30, 2020
Cash flows from operating activities:
Cash received from other departments	$	948,000
Cash paid for suppliers and employees		(143,000	)
Cash paid on insurance claims		(713,800	)
Transfer from General Fund		281,500
Investment income received		28,000
Interest paid on long-term debt		(17,300	)
Cash flows from operating activities		383,400
Cash flows from investing activities:
Acquisition of property, plant, and equipment		(314,000	)
Purchase of investments		(225,000	)
Sale of property, plant, and equipment		45,400
Cash flows from investing activities		(493,600	)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		322,100
Payments on long-term debt		(15,300	)
Cash flows from financing activities		306,800
Net increase in cash and cash equivalents		196,600
Cash and cash equivalents, July 1, 2019		126,600
Cash and cash equivalents, June 30, 2020	$	323,200

Prepare a statement of cash flows using the appropriate format as required by GASB. You do not need to prepare the reconciliation of operating income to cash flow from operations. (Amounts to be deducted should be indicated by a minus sign.)

Cash Flows From Operating Activities: Cash Received from Other Departments Cash Paid for Claims Cash Paid for Supplies and Employees $ 0 Net Cash Provided by Operating Activities Cash Flows From Noncapital Financing Activities: Transfer In from General Fund 0 Net Cash Provided by Noncapital Financing Activities Cash Flows From Capital Related Financing Activities: Proceeds from Long-term Debt Payments on Long-term Debt Principal Payments on Interest on Long-term Debt Cash Paid for Capital Assets Cash Received on Sale of Capital Assets 0 Cash Flows from Investing Activities: Investment Income Purchase of Investment Securities Net Cash Used for Investing Activities 0 Cash Flows from Investing Activities: Investment Income Purchase of Investment Securities 0 $ 0 Net Cash Used for Investing Activities Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents, July 1, 2019 Cash and Cash Equivalents, June 30, 2020 0